Earnings
Earnings
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Canadian Imperial Bank of Commerce and Royal Bank of Canada both set aside much less money than expected last quarter to cover loan losses.
August 29 -
The top executive at Royal Bank of Canada expressed reluctance about expanding south of the border again, citing what he characterized as a changing regulatory landscape and pointing to lessons learned from the 2015 acquisition of City National Bank.
August 28 -
Provisions for credit losses rose 7% in the third quarter, which was less than other Canadian banks have reported. The Toronto-based company also benefited from the first full quarter of results from the unit it acquired from HSBC.
August 28 -
The Canadian lender's cushion for potential credit losses nearly doubled in the third quarter, while its U.S. business idled.
August 27 -
The Bank of Nova Scotia increased its provisions for potential credit losses in the third quarter and said its KeyCorp stake would provide a hefty return on investment.
August 27 -
Between Warren Buffett offloading roughly $4 billion in bank stocks and credit card losses shrinking across the banking industry, here are the top market moves to be wary of.
August 22 -
The Canadian bank reported that regulatory fines related to compliance woes wiped out a chunk of its earnings in the third quarter.
August 22 -
The Toronto-based bank also expects a "global resolution" of investigations by U.S. authorities to be finalized by the end of the year.
August 21 -
Toronto-Dominion Bank's expensive foray into the U.S. was supposed to supercharge its growth. Instead, it's become a drag on profitability and badly dented the lender's reputation.
August 21 -
The North Carolina-based bank doubled in size in 2022 and again last year, when it acquired the failed Silicon Valley Bank. It has used consistency to outperform peers.
August 21